Consignment Info

ABC AUCTIONS

CONSIGNMENT INFORMATION

ABC Auctions are held approximately every two months or six time per year. We are constantly looking for consignments for our auction sales and for the most part we are always working to put together the next sale.

MATERIAL NEEDED

We currently sell U.S. and Worldwide collections, accumulations, balance lots and dealer stocks. Generally our sales consist of about 25% U.S. and 75% Worldwide. In addition we have been long time specialists in U.S. B.O.B. material especially U.S. Revenues. Each sale we endeavor to offer many individual lots of B.O.B. and Revenue material to our extensive customer base in these areas.

We are very interested in obtaining consignments of individual U.S. and Country collections. Mint or used, singles, sets or multiples are what our clients are looking for. Also consignors with exihibition collections are eagerly desired.

LOT VALUES AND ESTIMATES

The minimum estimate lot value must be $100.00. Lots with a lower value will be grouped with other lots from the total consignment. Larger value lots may be broken down into smaller individual lots to better maximize the overall results of the total consignment. We have found that over the years collectors will bid on and buy lots with lower values and pay more than dealers will for the same lot. Breaking down a large consignment into small units will almost always yeild better results than selling large or expensive lots intact.

Each lot will have a catalog value in the description or an estimated net value (ENV) listed. The catalog values will provide a starting point for the bidder. Most often if there is a catalog value listed the cataloging is done by our describers. If the cataloging is not done by us we will often state this in the lot description.

The estimated net values (ENV) are always done by our staff. Collectively our staff and describers have over 75 years of philatelic knowledge and market experience. These estimates provide our bidders with a professional and informed evaluation of what we feel the particular lot will bring in the current market place.

Bidders bidding in "the range" ie (300-400) will usually have good success in their attempt to bid and buy a particuar lot. Bidders bidding above the estimate will have very good success and those bidders bidding less than the estimate will have moderate success. Generally bidders bidding half the estimate or less will not be successful bidders in our sales.

LOT DESCRIPTIONS

Our staff has over 75 years of philatelic experience in evaluating and writing auction lot descriptions. Most often we will describe any items consigned to our sales. We do although, work with consignors, and endeavor to include any information that the consignor desires to have included in a particular lot description.

On large or more valuable lots we usually list and describe individually any better items that are contained in the lot. This philosophy in auction describing helps bidders in understanding what is in the lot and where the concentration of value is. In addition we also provide either a catalog value or an estimate net value for the lot.

MARKETING PLAN

We do extensive marketing and advertising for each our our ABC Auction sales. Our constantly updated customer database contains thousands of bidders and buyers of collections, accumulations and balance lots. We utilize both regular mail and email to notify our buyers of upcoming sales. We also maintain a constant contact with the bidders in each sale to keep them apprised of the status of their bids in that sale.

We advertise in most of the major philatelic publications on a regular basis. We also market each sale on our websites.

In addition, we are constantly and aggressively seeking out new bidders via direct mail, stamp shows, national philatelic publications and our websites.

CONSIGNMENT FEES

The consignment fees for our ABC Auctions vary slightly depending on the individual consignment. Generally consignors can expect a fee range of 15-20%. Consignments that require traveling to obtain and ship or those that are exceptionally bulky will tend to have a higher fee. Also, consignments that require an extraordinary amount of staff labor to break down and describe will often have a higher fee.

The fee for large or very large consignments with significant value may be lower or negotiated by the consignor and our firm.

CONSIGNMENT PAYMENTS

Consignors in our ABC Auctions are paid 60 days after the date of the sale.  


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